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Bassari Resources Ltd.

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Summary

Project:

Moura

Deposit:Konkouto
Location:Senegal
Commodities:Gold
Date:1/27/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-1-2017: Bassari Resources Ltd. announces an Exploration/Drilling Update report for its Konkouto deposit at the Moura project. Drilling results incl. 6m @ 6.3g/t Au from 21m. In addition to the recent successful resource delineation drilling program at
Resources:x
CP/QP:[Overall Report]: Moussa Diba (Internal)
ABSTRACT:In addition to the recent successful resource delineation drilling program at the Konkoutou Hill deposit (ASX announcement 25 January 2017), Directors are pleased to report that the maiden reverse circulation drilling program at Konkoutou North has also returned high grade and encouraging gold intercepts. Konkoutou North is located approximately 5 km to the northeast of the Konkoutou Hill deposit (Figure 1) and covers an area of 2.0 km x 0.3 km. The initial reverse ciculation (RC) drilling program on the Konkoutou North prospect comprised 16 holes (RCM090 to RCM105) totalling 1179m in five 200m-spaced lines along the interpreted main zone. The holes were 40m apart on section and most holes (13) were drilled towards an azimuth of 105°N at a dip of -60°. Three holes on one line were drilled towards an azimuth of 285° with the same dip (scissor holes) to check the orientation of the structures controlling the gold mineralisation. The objective of the drilling was to confirm at depth and on strike the mineralised structures previously highlighted with the rock and trench results as noted above. These drilling results have highlighted the presence of a series of gold mineralised characterised by quartz carbonate veins and veinlets associated with pyrite and arsenopyrite.

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